This property looks like a bad Mid-Term investment with a projected -11.93% first-year return on $221k initial cash invested.
-11.93%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$6,134
Rent
-$2,196
Cashflow
Cash Flow
$6,134 income − $8,330 expenses = $2,196 out of pocket
Investment Breakdown
|
Purchase Price
$966k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,658
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,134
Total Expenses
$8,330
Mortgage P&I
86%
$5,271
Property Taxes
10%
$633
Home Insurance
6%
$341
HOA
0%
$0
Property Management
12%
$736
CapEx
4%
$245
Vacancy
3%
$184
Maintenance
4%
$245
Other
11%
$675